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On 12/6/12, Sempra Energy's Cumulative Preferred Stock 4.40% Series, $20 Par Value (AMEX: SDO.PRC) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 1/15/13. As a percentage of SDO.PRC's recent share price of $24.99, this dividend works out to approximately 0.88%, so look for shares of SDO.PRC to trade 0.88% lower — all else being equal — when SDO.PRC shares open for trading on 12/6/12. On an annualized basis, the current yield is approximately 3.54%, which compares to an average yield of 4.82% in the "Utilities" preferred stock category, according to Preferred Stock Channel.